Monday, July 20, 2009
How to Turn a Recession into a Depression
Four federal economic policies transformed the Hoover recession into the Great Depression: higher tariffs, stronger unions, higher marginal tax rates, and a lower money supply. President Obama, unfortunately, has endorsed some variant of the first three of these policies, and he will face a critical choice on monetary policy in a year or so...
Cato: How to Turn a Recession into a Depression (PDF)
Cato: How to Turn a Recession into a Depression (PDF)
Permalink posted by markw @ 5:51 AM 
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